Increase stock of eggs

Joseph Mwape

Luanshya, Zambia

Funds disbursed

$0 to go

100% funded of $137 goal

0

days left

Entrepreneur

Name

Joseph Mwape

Member since

November 2020

On-time repayments

18 installments  •  61%

About Me

My name is Joseph Mwape and I am 31 years old. I am married and i have one child. I went to school in luanshya and completed my secondary education at mpatamatu secondary school. From childhood i liked business and so when i finished school i did some studies in sales and marketing. Jobs are hard to find and thats how i opened my own business and overcame the challenge of unemployment. My hobbies are singing and playing golf. My daughter wants to become a soldier when she grows up.

My Business

I have two businesses. One i buy and sell eggs then the other business i do i own 3 MTN booths for mobile money business and i have employed 3 ladies. The main business i do is buy eggs from farms at wholesale price then sell to different markets are retail prices and this business has been booming as eggs are on high demand. Sometimes i supply to NGOs who run nutrition programs in orphanage centres. When things are okay i also make some donations to NGOs of eggs. The major expenses i encounter is transport and payments to my driver who drives my van to deliver the eggs in market especially when am busy.

Loan Proposal

Am applying for this loan to increase stock of eggs . I already have market where to take these eggs and they are on demand. With this loan am destined to increase my business sales and the profit I will make from this business I will be able to reinvest and repay the loan without any challenges. I also use my profit to buy school needs for my daughter.

Income Source

Despite the economic challenges , the business is still doing okay. People still need food everyday and healthy living. Also because I run another business of MTN mobile money the commissions I get from the mobile money business can help to repay the loan. People transfer money from one another everyday especially for business transactions so I still have hope that I can be getting some extra income from there. I am confident that I will repay my loan without any problem.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$137.91

Date disbursed

Feb 24, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $8.64

Credit risk payment: $27.62

Optional expediting fee: $17.27

Lenders

joerg

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Brian

Midhurst, Canada

HI

Highly Improbable

Saskatoon, Canada

ErikN

Stockholm, Sweden

J

jzidi

Los Angeles, United States

U

USDescartes

Columbus, OH, United States

C

CheapThrills

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nakamura

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Stefano Bertolo

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mikeice

Kohler, United States

sderickson

Berkeley, CA, United States

B

bugdaniel

Switzerland

B

bscent

Hong Kong

adrianz

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Dave Bogard

New York, United States

Fox Family

Costa Rica

Richard

Shrewsbury, United Kingdom

TH

tom hd

United Kingdom

Isabella

UK, United Kingdom

SH

Steven Huntington

London, United Kingdom

I

isaac

United Kingdom

TF

Todd Fonseca

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

The Weltys

Averill Park, NY, United States

Nick Studenski

Minneapolis, United States

Ryan Agnew

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C

Carol

Bayswater, WA, Australia

C

Camm

Australia

J

John

Germany

R

Ru

New York, United States

MC

Mike Cormack

Vancouver, Canada

A

Anonymous

United States

B

Bharat

Princeton, United States

Kurtis Miller

Kelowna, BC, Canada

JM

Jack Marpic

United States

DY

Dan Y

Scranton PA, United States

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